Defense For Ponzi Scheme And Financial Fraud Charges
We Understand the Complexities Involved
Depending on the type of crime committed, victims in financial fraud cases can be corporation or individuals whether in the government or the private sector.
Convictions for Ponzi schemes and financial fraud crimes can be both state and federal crimes and can often lead to many years in prison and astronomical fines. However, financial laws and regulations can be confusing and lead to innocent misunderstandings about proper procedures.
At the Law Offices of Myles S. Breiner, we want to ensure that you receive fair and unbiased treatment. Our in-depth understanding of the complexities inherent in financial crimes has enabled us to vigorously defend you against these charges.
What Is A Ponzi Scheme?
A Ponzi scheme is using money from investors for one’s own personal gain. It works by enticing investors with promises of high-yield, short-term investments. Instead of paying out profits to investors, they keep the profits derived from investments and circulate the money among themselves.
There are two typical ways where Ponzi schemes are exposed:
- When the amount of investments decreases and the wrongdoer cannot cover the losses
- When the schemer tries to disappear with investor funds
What Types Of Criminal Activities Are Involved?
Financial crimes encompass many different activities. These may include:
- Identity theft charges stemming from using another person’s confidential information to obtain property or funds.
- Securing loans from financial institutions using fictional people as buyers.
Common financial crimes are:
- Mortgage fraud
- Investment fraud
- Credit card fraud
- Insurance fraud
- Making false statements
- Insider trading
- Medicare fraud
- Identity theft
Contact Us Today
The Law Offices of Myles S. Breiner serves all the Hawaiian Islands. Our flexible office hours and payments plans are designed with your needs in mind. Call us at 808-526-3426 or contact us online to discuss your case.